Option Addict | Comments Off | Bank with Banks
Monday, July 7, 2008 at 10:21AM These little rallies don't stay too long, do they?
I mentioned on the "Weekly Watchlist" that I still like the idea of buying puts on the banks as they crack through support. After a quick scan of the financial sector, I came up with these candidates. This set-up has worked 100% of the time with the bank and brokerage stocks we've followed. I'm not suggesting that the track record will remain in tact going forward, but the "short the financial sector" theme has been a lay-up.
I'm sure I overlooked plenty, so feel free to add your ideas in the fine print beneath mine.
AXP

FNM

LNC

MFC

WSFS

MTB

PNC

STI

Option Addict | Comments Off | 






